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Majority stake Announced Apr 2023

SPX Technologies to acquire ASPEQ for $418 million

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Relationship map for SPX Technologies to acquire ASPEQ for $418 millionbacksparent ofIndustrial Growth Partners V, L.P.: Pe FirmIGIndustrial Growth Par…SPX Corp.: PlatformSPX Corp.ASPEQ Parent Holdings, Inc.: Operating CompanyAPASPEQ Parent Holdings…
Operating CompanyPe FirmPlatform

Parties
Acquirer
SPX Corp.
Platform
Target
ASPEQ Parent Holdings, Inc.
Operating Company
Sponsor
Industrial Growth Partners V, L.P.
Pe Firm
Deal value$418M reported cash consideration · approximate as reported by sec.gov

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

SPX Technologies, through its subsidiary SPX Enterprises, entered into a definitive agreement to acquire ASPEQ Parent Holdings, Inc. for approximately $418 million in cash. The acquisition will be executed via a merger of a SPX subsidiary into ASPEQ, with ASPEQ surviving as a wholly owned subsidiary of SPX Technologies. The deal is subject to regulatory approvals, including HSR, and customary closing conditions.

Primary source